Digitized  by  the  Internet  Archive 
in  2017  with  funding  from 
Columbia  University  Libraries 


i 


https://archive.org/details/portlandcementasOOajax 


P0RTLAI1D  CDmCIlT 

AS  An  IIlVESTmEnT 


PLANT  OF  THE  AJAX  PORTLAND  CEMENT  COMPANY,  PATTENBURG, 


The  Ajax 

Portland  Cement  Company 

PATTLNBURG.  NEW  JERSEY 

NEW  YORK  OEEICES 

18  WALL  STREET 

Incorporated  Under  Laws  of  New  Jersey 

Capital  StocK,  - ■ $2,000,000 

20,000  Shares  at  - - $100  each 

$1,000,000  Preferred  $1,000,000  Common 


OFFICERS  AND  DIRECTORS 


II.  C.  BENNETT,  is  Wall  St.,  X.  V.  City  - - President 

Of  II.  C.  Bennett  & Co.,  Bankers 


ISAAC  S.  METTLER,  60  Broadway,  N.  Y.  City  Vice-President 
Capitalist 

H.  II.  BENNETT,  is  Wall  St.,  X.  Y.  City  - - Treasurer 

Of  H.  C.  Bennett  & Co.,  Bankers 

CHESTER  THOMSON,  Clinton,  X.  J.  - - - Secretary 

llO.X.  GEO.  II.  LARGE  - - Flemington,  N.  J. 

Ex-President  N.  J.  Senate 


IION.  JOHN  LEWIS  CHILDS  - - - Floral  Park,  N.  Y. 

Seedsman 


IION.  JACOB  WELSH  - - - - Member  N.  J.  Senate 

Director  Clinton  National  Bank 

ROBERT  A.  MONTGOMERY,  President  Delaware  Valley  Quarry 
and  Construction  Co.,  Director  Amwell  National  Bank,  Lambert- 
ville,  N.  J. 

LEWIS  PARKER  ' Trenton,  N.  J. 

Treasurer  Trenton  Savings  Fund  Society 
ELMER  THOMSON Clinton,  N.  J. 


COUNSEL 

J.  WOOLSEY  SHEPHARD,  New  York 
HON.  GEO.  H.  LARGE,  New  Jersey 

REGISTRAR  OF  STOCK.  TRANSFER  AGENTS  AND  DEPOSITORY 
OF  FUNDS 

TRUST  COMPANY  OF  AMERICA,  New  York 


FISCAL  AGENTS 

H.  C.  BENNETT  «S  CO. 


18  WALL  STREET, 


NEW  YORK 


Our  References 


AFTER  full  and  careful  investigation  we  have 
taken  a financial  interest  in  this  company  and 
have  consented  to  act  as  fiscal  agents. 

It  is  right  that  you  should  know  who  we  are.  We 
therefore  respectfully  refer  you  to  any  mercantile 
agency  or  bank  in  the  United  States.  We  do  not  mean 
that  every  bank  in  the  United  States  knows  us,  but  they 
can  find  out  and  tell  you  if  they  so  desire. 

We  also  give  the  following  special  references: 
Oriental  Bank,  New  York  City. 

Commercial  Trust  Company,  Jersey  City,  N.  J. 

The  Barbour  Bros.  Company,  Paterson,  N.  J. 

Tefft,  Weller  & Co.,  Dry  Goods,  New  York. 

R.  G.  Dun  & Co.  Commercial  Agency. 

Bradstreet  Commercial  Agency. 


We  shall  also  be  pleased  to  send  you  the  names  of 
two  of  the  largest  and  strongest  banks  in  New  York 
City,  who  will  answer  any  letter  of  inquiry. 

H.  C.  BENNETT  & CO., 

Bankers, 

18  Wall  Street,  New  York, 
Fiscal  Agents  for  the  Ajax  Portland  Cement  Company. 


Incorporation 


AUTHORIZED  to  manufacture,  sell  and  deal  in 
Portland  Cement,  Brick,  Stone,  Gravel,  Sand, 
Lime  and  Concrete  Material  of  every  name  and 
nature;  to  manufacture  and  sell  Portland  Cement; 
Cement  Building  Blocks,  Sewer  and  Conduit  Pipe 
and  every  material  on  which  Cement  is  used;  either 
Portland  or  any  part  of  any  desired  form  or  design, 
our  Charter  being  broad  enough  to  cover  everything 
pertaining  to  cement  manufacture,  building  of  fac- 
tories, railroads,  etc. 


Introductory 


IN  presenting  this  prospectus  and  the  statements  made 
herein  to  the  public,  the  directors  of  this  company 
desire  to  say,  at  the  outset,  that  no  exaggerated 
or  fanciful  propositions  or  promises,  which  are  often 
made  by  irresponsible  persons  soliciting  funds  for  min- 
ing or  other  speculative  ventures,  will  be  indulged  in. 
Every  statement  presented  is  made  with  the  full  knowl- 
edge of  the  responsibility  of  the  directors  and  officers 
of  this  company.  Our  investigations  of  this  property 
justify  us  in  saying  that  we  believe  it  to  be  one  of  the 
best  and  most  valuable  of  Cement  properties;  that  the 
location,  quantity,  quality  and  conditions,  taking 
everything  into  consideration,  could  hardly  be  better. 
We  believe  this  little  booklet  will  in- 
terestyou  if  you  are  looking  for, or  desire, 
a safe,  conservative  8%  investment ; one 
that  you  can  safely  count  upon  as  pay- 
ing you  that  amount  annually  as  long  as 
you  live,  and  can  be  sold  at  any  lime  at  a 
profit.  We  do  not  seek,  nor  can  we  hardly  expect, 
to  interest  those  who  are  looking  for  a purely 
speculative  venture  such  as  mining,  or  oil,  or  stocks 
of  that  nature.  These  are  usually  sold  with  the 
most  glowing  promises  and  flattering  prospects 
of  enormous  dividends  which  are  rarely,  if  ever, 
realized.  The  ultra-conservative  investor  to-day 
is  satisfied  with  3 or  but  there  are  investments 
which  pay  6 to  8%,  and  are  as  safe  as  the  invest- 
ment. 


Manufacturing  Pays  Best 


POOR’S  MANUAL,  of  1901,  shows  that  the  rail- 
road companies  of  the  United  States  paid  in 
dividends  and  interest  on  bonds,  in  the  year  pre- 
ceding, a little  more  than  2*4%  on  the  cash  actually 
invested;  banks  paid  6*4% ; fire  insurance, 
10^8%;  merchandising  institutions  about  io% 
on  the  capital  invested,  while  manufacturing, 
as  shown  by  census  reports,  paid  20%  on  the  capi- 
tal invested.  The  conclusion  must  be,  then,  that 
manufacturing,  under  right  conditions,  is  the  most 
profitable  form  of  industrial  investment.  Scarcely  a 
manufacturing  industry  can  be  named  that  is  not  pay- 
ing big  dividends,  notwithstanding  the  fact  that 
many  are  largely  over-capitalized.  The  Ajax  Portland 
Cement  Company  is  offering  you  an  8%  preferred  in- 
vestment which  is  safe,  sound  and  conservative,  as 
will  be  shown  further  on  in  this  booklet. 

The  Portland  Cement  manufacturing  industry  of  the 
United  States  will  also  be  treated  herein,  as  briefly  as 
possible,  consistent  with  statistics  and  facts ; to  this 
we  invite  your  careful  perusal  and  kind  investigation. 


Ancient  Cement  and  Uses 


IT  is  more  than  four  thousand  years  since  the  Egyp- 
tians made  a cement  which  has  withstood  the  decay 
of  ages;  but,  from  their  time  to  that  of  the  Ro- 
mans, nothing  of  importance  came  from  its  manu- 
facture or  application.  The  great  Roman  engineer, 
Vitruvius,  speaks  of  a cement  that  had  hydraulic  prop- 
erties (properties  that  would  cause  it  to  harden  under 
water)  by  combining  lime  and  pouzzolana,  a vol- 
canic excreta,  found  in  several  Mediterranean  coun- 
tries. 

The  Encyclopaedia  Britannica  says:  “In  strength 
and  durability,  no  masonry,  however  hard  the  stone 
or  large  the  blocks,  could  ever  equal  those  Roman 
walls  of  concrete,  for  each  wall  was  one  perfect  co- 
herent mass,  and  could  only  be  destroyed  by  a labori- 
ous process.  By  quarrying  hard  stone  from  its  native 
bed,  in  1 824,  a man  named  Apsden,  of  Leeds,  York- 
shire, England,  manufactured  a cement  strongly  re- 
sembling stone;  this  he  called  Portland  Cement,  and 
was  the  origin  of  the  name,  which  has  now  become 
inseparable  from  energetic,  artificial,  hydraulic  ce- 
ments.” 


HARVARD’S  NEW  STADIUM 


.T'.'-.f.J 


MODERN  PORTLAND  CEMENT. 


The  English  were  probably  the  first  to  revive  the 
art  of  making  Portland  Cement,  after  it  was  lost  with 
the  downfall  of  the  Roman  Empire.  Since  the  days  of 
its  first  manufacture  by  Apsden,  of  Leeds,  it  has  been 
manufactured  in  Germany  to  a large  extent,  also  by 
the  Belgians  and  French,  and  now  by  the  Americans, 
the  growth  of  the  manufacture  in  this  country  having 
been  so  rapid  as  to  be  almost  startling.  The  extremely 
rapid  growth  of  the  Portland  Cement  Industry  in  this 
country  is,  however,  entirely  logical,  being  based  upon 
the  fact  that  a process  of  manufacture  suitable  to 
American  conditions  has  now  developed — this  is  the 
Rotary  Kiln  Process.  American  inventive  genius  has 
now  reduced  the  manufacture  of  Portland  Cement  to 
a very  low  cost  by  the  use  of  the  Rotary  Kiln  and  a 
continuous  automatic  process.  Reports  made  by  the 
United  States  Geological  Survey  show  that  the  manu- 
facture of  Portland  Cement,  within  the  United  States, 
is  practically  confined  to  five  States:  New  Jersey, 
Pennsylvania,  New  York,  Ohio  and  Michigan.  These 
States  probably  manufacture  more  than  P0%  of  the 
entire  product. 


FROM  THE  NEW  YORK  SUN,  March  17,  1.002. 

“Portland  Cement  may  be  described  as  an  artificial 
stone  of  exceeding  strength,  toughness  and  hardness, 
requiring  only  the  admixture  of  water,  and  moulding 
into  any  shape  that  may  be  required.  It  may  be  fur- 
nished in  packages  of  any  desired  size,  and  used  where 
and  when  required,  with  little  reference  to  climatic 
conditions.  When  hardened,  Portland  Cement  is  so 
close  grained  and  homogeneous  in  its  texture  that  it  is 
less  affected  by  water  and  variations  of  temperature 
than  any  known  building  stone. 

“Concrete  is  a mixture  of  cement,  sand  and  broken 
stone,  gravel  or  cinders,  in  proportions  adapted  to  the 
kind  of  work  for  which  it  is  prepared,  and  possesses 
the  properties  attributed  to  Portland  Cement.  Con- 
crete construction  compares  with  cut  stone,  in  ex- 
pense, as  follows:  Stone  uncut  varies  from  10  cents 
to  80  cents  per  cubic  foot  in  different  parts  of  the  coun- 
try. Cutting  and  setting,  from  50  cents  to  $2.00  a cu- 
bic foot.  Concrete  finished  for  ordinary 
work  costs  from  17  cents  to  28  cents 
per  cubic  foot  for  the  work  completed; 
or,  taking  the  minimum  cost  of  stone 
and  the  maximum  cost  of  concrete,  the 
latter  costs  only  about  33%  of  the  cost 
of  the  former,  and  is  infinitely  better. 


* 


Concrete  Bridge  at  Summer  Home  of  1*.  1>.  Armour,  Jr. 
Oconomowoc,  YV  is. 

Designed  by  C.  K.  Hall,  C.E.,  Chicago. 
Contractors,  Stamson  & Blome. 
r ^0* Portland  Cement  used.  — 


Residence  of  \V.  L.  Elkins,  Elkins, 
Architect,  H<  race  Trumbai  er. 
Builders.  Gbo.  F.  Payne  & Co. 
Portland  Cement  used  throughout, 


“There  has  recently  been  built,  in  Pennsylvania,  a 
large  factory  with  steel  frame  and  Portland  Cement 
concrete  walls.  The  engineer  in  charge  of  the  work 
estimates  a saving  of  from  35  to  10%  over  brick.” 


THE  DEVELOPMENT  OF  THE  PORTLAND 
CEMENT  INDUSTRY  IN  THE  LE- 
HIGH VALLEY. 

By  Ira  Judson  Coe,  C.E.,  in  “Cement,”  New  York. 

“The  great  Portland  Cement  centre  in  the  United 
States  to-day  is  the  extensive  cement  belt  of  the  Le- 
high Valley,  which  extends  across  the  Counties  of  Le- 
high and  Northampton,  in  the  State  of  Pennsylvania, 
and  over  into  Warren  and  Hunterdon  Counties,  in  the 
State  of  New  Jersey.  It  is  the  only  district  discovered 
where  the  deposit,  in  any  way,  approaches  an  ideal 
chemical  composition  of  Portland  Cement.  In  fact,  it 
is  a rock  in  which  Nature  has  nicely  combined  the  ele- 
ments, so  that  little  correction  is  necessary.  The  first 
American  Cement  Plant  was  built  at  Coplay,  in  1865, 
by  David  O.  Saylor,  of  Allentown,  Pa. 

“In  1885  another  plant  was  built  by  the  American 
Cement  Company,  at  Egypt,  Lehigh  County,  Pa.,  and 
the  next  plant  was  built  by  the  Atlas  Cement  Com- 
pany at  about  the  same  time  the  American  started. 
They  worked  on  the  inventions  made  by  Mathey,  Na- 
varro and  Ransone ; this  process  consisted  of  grinding 
the  material  to  an  impa.lpable  powder  and  then  burning 
it  in  a kiln  and  then  grinding  it;  this  was  the  beginning 
of  the  modern  practice.  The  Atlas  Company  devel- 
oped the  practical  use  of  the  rotary  kiln  in  this  country, 
where,  to-day,  it  is  universally  used. 

“In  1890  the  production  was  about  200,000  barrels, 
but  eleven  years  later,  in  1.901,  the  production  was 
8,600,000.  The  production  for  1903  for  this  district 
alone  is  estimated  at  12,000,000  barrels.  When  one 
considers  this  growth,  one  realizes  the  labors  of  the 
pioneers  have  not  been  in  vain.  The  one  point  in  favor 
of  the  Lehigh  Cement  district  is  the  natural  cement 
rock;  this  rock  is,  in  many  places,  of  such  a character 
that  it  can  be  readily  quarried,  ground,  burned  and 
ground  again,  without  the  addition  of  one  pound  of  the 
separate  ingredients.” 


NASSAU  COUNTY  COURT  HOUSE,  M1NEOLA,  L.  I. 

Architects,  W.  H.  Taihiy  & Bro.  Entirely  of  Cement  Concrete.  Contractor,  C.  Roche 


DEVELOPMENT  OF  THE  PORTLAND-CEMENT  IN- 
DUSTRY IN  THE  UNITED  STATES  SINCE  1890 


SECTION 

1890 

1 899 

Number 
of  works 

Product 

Per 

cent. 

Number 

of  works 

Product 

Per 

cent. 

Barrels 

Barrels 

New  York 

4 

ho, 000 

19-4 

1 

472,386 

8.4 

Lehigh  and  North- 

ampton  counties, 

Pa.,  and  State  of 

New  Jersey 

5 

201,000 

60.0 

1 1 

4,110,132 

72.7 

Ohio 

0 

22,000 

6 . 5 

6 

480,982 

8 . 5 

4. 

34*°  566 

6 1 

All  other  sections  - • 

5 

47,500 

14-1 

8 

246,200 

4.3 

Total 

1 6 

335,500  1 00.0 

1 

36 

5,652,266  00.0 

DEVOLOPMENT  OF  THE  PORTLAND-CEMENT  IN- 
DUSTRY IN  THE  UNITED  STATES  SINCE  1890 


1 900 

1901 

SECTION 

u X 

£ © 

Product 

Per 

cent. 

u * 

w 

B % 
y.'c 

Product 

Per 

cent. 

New  York. 

8 

Barrels 

465,832 

5 • 5 

1 

Barrels 

617,228 

4.8 

Lehigh  and  North- 
ampton counties, 
Pa. , and  State  of 
New  Jersey 

15 

6,153,629 

72.6 

16 

8,595,340 

67.7 

Ohio 

6 

534,215 

6 - 3 

1 

689,852 

5 . 4 

Michigan 

6 

664,750 

7-8 

10 

1,025,718 

8.0 

All  other  sections  - • 

15 

663,594 

7-8 

16 

1,783,087 

14-1 

Total 

50 

8,482,020 

1 00.0 

56 

12.711.225 

100.0 

1 


No  less  than  nine  big  plants  have  been  erected  and 
put  in  operation  within  two  miles  of  the  original  con- 
cern. Within  a few  years,  in  the  State  of  New  Jersey, 
and  within  a short  distance  of  our  property,  have  been 
erected  the  Edison,  the  Alpha  and  Vulcanite  plants. 
The  Alpha  now  has  a capacity  of  5,000  barrels  of  Port- 
land Cement  per  day;  the  Vulcanite,  4,000 — and  are 
making  fortunes  annually  for  the  stockholders.  The 
map  presented  herein  gives  the  location  of  nearly  every 
cement  producing  plant  in  the  Lehigh  Valley — show- 
ing the  Ajax  plant  to  be  nearer  to  New  York  and 
tidewater  than  any  other. 


Our  Property 


OUR  property  is  located  in  the  great  Lehigh  Val- 
ley Section,  which  means  the  cement  district  of 
the  States  of  New  Jersey  and  Pennsylvania. 
Within  a few  miles  or  so,  and  on  the  same  strata,  or 
formation  of  rock,  are  located  the  great  plants  of  the 
Vulcanite,  Alpha,  Atlas,  Edison  and  a dozen  others; 
here  is  made  the  finest  Portland  Cement  in  the  coun- 
try. Our  property  is  beautifully  situated  three-quar- 
ters of  a mile  from  Pattenburg  Station — on  the  main 
line  of  the  Lehigh  Valley  Railroad,  sixty  miles 
from  New  York  City — and  contains  two  hun- 
dred and  thirty  acres  of  land,  upon  which 
are  high  hills  of  the  finest  cement  rock, 
tested  down  to  the  depth  of  sixty  feet, 
giving  an  inexhaustible  supply  of  raw 
material. 

The  main  wagon  road  running  west  out  of  Patten- 
burg passes  through  the  property;  on  the  northwest 
side  of  this  road  is  fifteen  acres  of  level  ground,  upon 
which  the  works  are  located. 

Running  diagonally  through  the  property,  and 
bounding  the  mill-site  on  the  north,  is  a never-failing 
stream  of  pure  spring  water.  This  stream,  near  the 
centre  of  the  property,  passes  between  two  long,  low 
hills,  and  can  be  easily  and  cheaply  joined  by  a dam, 
making  a reservoir  or  lake,  giving  a large  storage  of 
water  for  use  at  the  works. 

The  cement  rock  hills,  or  bluffs,  are  situated  about 
1 ,000  feet  east  of  the  mill-site ; the  rock  being  partially 
exposed  and  ready  for  immediate  quarrying  can  be  de- 
livered to  the  works  by  a gravity  railroad,  the  loaded 
cars  hauling  the  empty  ones  back  to  the  quarry.  Lime- 
stone is  also  found  upon  the  property  to  the  south  of 
the  cement  rocks  and  can  be  reached  by  the  same  grav- 
ity road.  The  product  of  the  mill  is  loaded  directly  on 


Showing  Cement  Rock  in  Developing 
at  Pattenburg. 


Showing  Cement  Rock  in  Developing 
at.  Pattenburg. 


the  cars  of  the  Lehigh  Valley  Railroad  and  shipped  to 
any  part  of  the  United  States,  or  to  tide-water, 

ADVANTAGE  OF  LOCATION. 

First. — Cheap  freight  rate  to  New  York  and  the  sea- 
board. 

Second. — Cheap  coal  and  labor. 

Third. — An  abundant  supply  of  the  finest  quality  of 
raw  material,  which  can  be  delivered  to  the  works  by 
gravity  at  the  least  possible  cost. 

Fourth. — The  cement  rock  is  of  unusually  good  qual- 
ity, very  easy  to  work  and  inexhaustible  in  quantity. 

Fifth. — A large  supply  of  water  from  two  good-sized 
living  streams. 


The  Works 


THE  works  include  the  following  fireproof  build- 
ings, built  of  steel  and  Portland  Cement,  mak- 
ing them  absolutely  fireproof,  saving  insurance 
and  avoiding  all  danger  of  loss  and  delay  by  fire: 

Main  buildings,  146  x 320  feet; 

Coal  grinding  buildings,  48  x 100  feet; 

Storage  and  packing  buildings,  60  x 240  feet; 
Boiler  house,  50  x 60  feet; 

Engine  room,  80  x 100  feet. 

The  machinery,  of  the  best  and  latest  improved  type, 
is  90  arranged  that  the  process  of  manufacturing  is 
continuous  and  automatic,  reducing  the  cost  of  oper- 
ation to  the  lowest  possible  figure  and  saving  at  least 
10  cents  per  barrel  over  the  cost  in  many  other  mills. 


MELAN  CONCRETE  BRIDGE  AT  ZANESVILLE,  OHIO. 


FROM  THE  STATE  GEOLOGIST.  PUBLISHED 
BY  THE  STATE  OF  NEW  JERSEY. 

Pattenburg. — A mile  southwest  of  Pattenburg  out- 
crops of  Trenton  “cement  rock”  were  found  along  a 
brook. 


The  rock  is  so  crushed  and  slickensided  that  nearly 
all  fossils  have  been  destroyed,  but  a few  obscure 
forms  were  found  by  Mr.  Weller.  Owing  to  deposits 
of  glacial  drift  and  wash  from  the  surrounding  slopes, 
and  the  consequent  absence  of  exposures,  the  limits  of 
the  formation  are  undefined.  It  is  reported  to 
cover  at  least  150  acres,  and  to  exceed 
sixty  feet  in  depth.  A company  has  been 
formed,  and  preliminary  steps  taken  towards 
utilizing  this  rock  for  cement.  The  following 
analyses  of  two  average  lots  of  the  rock  were  obtained 
from  Mr.  Chester  Tomson,  of  Clinton: 


ANALYSES  OF  CEMENT  ROCK.— NEAR  PAT- 


TENBURG. 

Silica  (SiO.) 8.42  18. GO 

Alumina  (ALO.,)  2.80  5.80 

Lime  (CaO) 44.64  38.76 

Magnesia  (MgO) 36  .66 

Calculated  carbon  dioxide  (CO_.)  . . . 34.47  31.20 


The  Tallest  Portland  Cement  Concrete  Chimney  in  America  ( R ansome  System) , 
1S0  ft.  high 

From  “ Cement,”  N.  Y. 


A sample  lot  of  cement  was  made  from  this  rock, 
mixed  with  the  proper  amount  of  pure  limestone.  The 
cement  analyzed  as  follows: 

ANALYSES  OF  SAMPLE  LOT  OF  AJAX  PORT- 
LAND CEMENT. 


Silica  (SiO2)  21.52 

Alumina  (AI,02)  11.00 

Lime  (CaO)  60.87 

Magnesia  (MgO) 3.30 


The  cement  was  reported  to  have  stood  the  standard 
tests  well,  and  to  have  shown  a high  tensile  strength 
after  setting. 


No  Danger  of  Overproduction 


PORTLAND  CEMENT  is  daily  becoming  a more 
and  more  important  factor  in  the  industrial  and 
commercial  development  of  all  countries.  It  is 
now  regarded  as  the  chief  building  material  of  the  age. 

The  Cement  and  Engineering  News,  of  Chicago, 
says:  “The  use  of  Portland  Cement  is  rapidly  displac- 
ing stone,  brick,  wood  and  terra-cotta  for  dry-docks, 
fortifications  and  gun  implacements,  locks  and  dams, 
sewers,  tunnels,  culverts,  foundations  for  office  build- 
ings, breakwaters,  curb  walks,  retaining  walls  for 
wharves,  concrete  piling,  bridges  over  rivers,  public 
highways,  sidewalk  curb,  gutter  construction,  fireproof 
floors  and  tiles;  factory  chimneys  are  now  being  con- 
structed entirely  of  concrete,  some  over  150  feet  high. 
Pipes  fcr  water  service  and  sewerage  in  cities;  mill 
races,  and  water-mill  housing;  reservoirs  for  city  water 
supplies;  grain  elevators  150  feet  high  and  50  feet  in 
diameter  are  in  use  in  Europe,  and  the  great  engine 
beds  have  almost  displaced  stone  and  iron.  The  piers 
carrying  two  of  the  elevated  railroads  in  Chicago  are 
constructed  entirely  of  cement  concrete;  foundations 
for  street  pavements  are  coming  into  very  extensive 
use. 

“Concrete  sewers  are  being  constructed  in  many  cit- 
ies in  Europe  and  the  United  States. 

“Irrigating  flumes  and  canals  use  large  quantities  of 
Portland  Cement.  The  Illinois  Central  Railway  ex- 
tending from  Sioux  City,  Iowa,  uses  concrete  for  its 
bridges,  piers,  abutments,  retaining  walls,  culverts  and 
other  improvements  where  stone  and  brick  havi  here- 
tofore been  used.” 


— *r— 


I 


MauffBai 


>»-»■»»»»»■» — m 


caving  corner  atone  or  rower  noujc  consonaaica 
Lake  Superior  Power  Co.,  Sault  Sic.  Marie,  Mich. 
96,000  Bbls.  Portland  Cement  used. 

H.  Von  Schon,  Engineer  in  Charge. 


When  riding  on  either  the  Pennsylvania  or  Central 
Railroad,  the  Delaware,  Lackawanna  and  Western,  or 
Lehigh  Valley,  one  cannot  fail  to  note  the  vast  im- 
provements in  the  way  of  track  elevation.  Hundreds 
of  thousands  of  barrels  of  Portland  Cement  are  used  in 
this  construction,  being  cheaper,  easier  to  handle, 
much  more  quickly  worked,  stronger  and  more  dur- 
able, more  than  two  millions  of  dollars  having  been 
spent  in  Newark,  N.  J.,  alone. 

The  Panama  and  New  York  State  canals  will,  during 
their  construction,  require  millions  of  barrels.  The 
subways  and  tunnels  now  under  construction  in  New 
York  City  have  already  used  800,000  barrels  and  the 
work  is  hardly  begun;  in  fact,  it  is  the  age  of  cement, 
and  its  consumption  is  increasing  at  an  enormous  rate, 
as  also  its  manufacture  in  the  United  States,  as  will 
be  shown  by  the  following  table: 

GROWTH  OF  CEMENT  MANUFACTURE  IN 
THE  UNITED  STATES. 


(From 

the  report  of  U. 

S.  Geological 

Survey,  1.903.) 

Product, 

Increase, 

Per  cent. 

Year. 

Barrels. 

Barrels. 

of  Increase. 

1890. . 

335,000 

1891... 

454,813 

1 19,313 

36.6 

1 892 • • • 

547,440 

92,627 

20.4 

1893. . . 

590,652 

43,212 

7.9 

1 89 1 - - - 

798,757 

208,105 

35.3 

1 895 . . . 

990,324 

1.91,567 

24. 

1 896 . . . 

. ..  1,543,023 

552.699 

55.8 

1897. . . 

2.677,775 

1,134,752 

73.5 

1898. . . 

. . . 3,692,284 

1,014,509 

37.1 

1899- ■ • 

. . . 5,692,266 

1 .999,982 

54.1 

1900. . . 

. . . 8,482,020 

2,787,754 

48.9 

1,901  . . . 

. ..  12,711,225 

4,229,205 

49.8 

1 902 . . . 

. ..  16,875,506 

4,164,281 

32.8 

It  will  be  seen  by  the  above  table  the  manufacture 
of  cement  in  1895  was  less  than  1,000,000  barrels, 
while  in  1 902  it  had  increased  to  16,875,506  and  it  is 
estimated  that  there  will  be  more  than  18,000,000  bar- 
rels made  this  year  (1903).  Last  year  the  importation 
of  Portland  Cement  amounted  to  2,100,000  barrels;  this 
year  (1903)  importation  will  exceed  3,500,000  barrels, 
more  than  was  ever  imported  from 
foreign  countries  in  any  previous  year. 
This  shows  conclusively  that  while  the 
manufacture  of  Portland  Cement  has 
increased  at  an  enormous  rate,  the  im- 
portation has  also  increased  because  of 
the  demand  being  greater  than  the 
supply  in  this  country. 


ru  vv  aus  at  hast  tnd  01  rower  Mouse 
Consolidated  Lake  Superior  Power  Co., 
Sault  Ste.  Marie,  Mich. 

96,000  Bbls.  Portland  Cement  used. 

A.  Von  Schon,  Engineer  in  Charge. 


Enormous  Growing  Consumption 


GERMANY,  in  1901,  used  15,000,000  barrels  of 
Portland  Cement,  all  of  which  was  made  in  that 
country.  Germany  has  28,701  miles  of  railroads 
and  the  United  States,  exclusive  of  Porto  Rico,  Alaska 
and  the  Philippines,  190,833  miles. 

The  area  of  Germany  is  340,000  square  miles,  and 
that  of  the  United  States  3,026,000  square  miles. 

With  more  than  six  times  the  railroad  mileage, 
thirty  times  the  coast  line  and  ten  times  the  area,  it 
would  seem  that  the  United  States  ought  to  use  at 
least  six  times  the  amount  used  by  Germany,  or  90,- 
000,000  barrels  a year. 

With  the  knowledge  we  now  have  of  the  uses  of 
Portland  Cement,  there  can  be  no  question  as  to  the 
future  of  this  great  and  most  useful  commodity  in  this 
country. 

Germany  has  learned  to  use  Portland  Cement  in  the 
construction  of  nearly  everything.  The  United  States 
has  only  just  begun  to  know  its  value. 

The  United  States,  within  the  past  few  years,  has 
begun  to  know  the  value  of  Portland  Cement  for  build- 
ing purposes.  Houses,  hotels  and  public  buildings  are 
largely  being  built  of  Portland  Cement  concrete  blocks 
and  the  development  of  this  important  use  of  cement 
is  but  in  its  infancy.  The  increase  for  the 
next  ten  years  in  the  consumption  of 
Portland  Cement  will  be  enormous,  and 
at  no  time  in  the  past  have  the  mills  of 
the  United  States  been  able  to  supply  the 
demand. 


Table  of  Comparison 

- 

THE  following  table  shows  the  tensile  strength  of 
our  cement,  as  compared  with  the  leading 
brands  of  this  country  and  Europe: 

Standard  Briquettes. 


Seven  Days’  Test. 

Neat 

Sand,  3 parts. 

Cement. 

Cement,  l part. 

Ajax 

. 662  lbs. 

310  lbs. 

Atlas  

. 585  • 

252  “ 

Alpha  

. 600  “ 

200  “ 

Buckeye  

. 628  “ 

215  “ 

Dyckerhoff  

. 588  “ 

187  “ 

B.  B.  & S.  (English)  . . . . 

. 553  “ 

272  “ 

Alsen  (German)  

• 495  “ 

176  “ 

The  above  test  was  made  by  Booth,  Garrett  & Blair, 


MM 


■Hn 


r jaWlflffi  I 

gu:raanc;iait  ± 


" rirf  •** 

-jSswHJ 

in  ifffiin 
i 111  HR**  III 
*hi  ■* iii  in 

»jT 


! «f  fff  H M , 

2 ■ «*  1 4 1 

v H II  B 1 1 1 
i*U  W II 

(0  M If! 

«#•  W*  I » 


r;;ahvl!51 


PARK  ROW  BUILDING. 
Portland  Cement  used. 


of  Philadelphia,  Pa.,  who  are  the  recognized  authority 
on  Portland  Cement. 

We  present  herewith  a full  and  complete  report  of 
the  various  tests  made  from  various  samples  of  our 
cement  rock: 

LABORATORIES  OF 

BOOTH,  GARRETT  & BLAIR 

406  LOCUST  STREET 

Messrs.  Stanger  & Blount  of  London  Frederick  H.  Lewis  M.  Am.  Soc.  C.  E. 
European  Correspondents  Consulting  Engineer 

Philadelphia,  April  18,  1899. 
LOT  No.  ]yy2 

Report  of  Tests  of  Cement  made  in  our  experimental  kiln 
from  raw  materials  received  from  Mr.  Chester  Tomson,  Clinton, 
N.  J. 

Reported  to  Mr.  Chester  Tomson.  Clinton,  X.  .T  Report  No. 
2 and  final. 


SPECIFIC  GRAVITY 

Fineness  Setting  Time  of  Neat  Cement 


Passing  No.  50  Sieve 

100 

Inital  Set 

. 2C  0' 

“ No.  74  “ 

100% 

Final  Set 

. 4°  30' 

“ No.  100  “ 

99% 

Per  Cent,  of  Water 

Tern  perature  of  A i r . 

24 

. 70°  F. 

“ No.  200  •' 

83% 

Temperature  of  Water 

. 65°  F. 

Constancy  of  Volume  Tests 

Normal  Pat  Tests  (Am.  Soc.  Civ.  Engrs.) 

Air  Pats  (A) 

. Good 

Cold  Water  Pats  (B) 

Good 

Accelerated  Tests 

Hot  Air  Test  (C) Sound  and  hard 

Warm  Water  Test  (Faija)  (D)  .... 

Boiling  Water  Ttst  Michaelis  (E)  ....  “ “ 


Tensile  Tests  of  Standard  Briquettes  (1  sq.  in.  section) 


Proportions  of 

Mortar 

Hardening  Period 

Date 

Strength  in 

Lbs 

Serial 

No. 

Parts  Parts  % of 
Cem’ti  Sand  Water 

In  Air  water  * °tal 

1 

Made  Tested 

Bri-  Aver- 
quettes  age 

| 1 

1 1 

» 

Tests  made  of  Cement  with  one  week’s  seasoning  after 
Calcination 


12501 
125(  )2 

12503 

12504 

12505 

12506 

12507 

1 2508 

12509 

12510 


Tests 


12541 

12542 

12543 

12544 

12545 


Chemical 

Analysis 

of 

Sample 


11 


Id. 


Id. 


6ds 


fids 


7ds 


7ds. 


3/31  4/7 


3/31  4/7 


737 

636 

600 

681 

656 

306 

300 

300 

362 

284 


■662 


310 


made  of  Cement  with  two  weeks’  seasoning  after 
Calcination 


1 

0 

23 

Id 

fids. 

7ds. 

4/11 

4/18 

782 

760 

762 

748 

770 

764 


21.52% 

7.26% 

4.50% 

60.87% 

3.92% 


Silica 
Alumina 
Ferric  Ox 
Lime 
Magnesia 
Sulpli.  Anhydride 

Yours  respectfully,  

(Signed)  BOOTH,  GARRETT  & BLAIR 


Hydraulic  Index 
Hydraulic  Index 
Including  Magnesia 
Le  Chatelier's  Ratio 


NEW  DORP  BEACH  HOTEI.. 

New  Dorp,  Staten  Island. 

I homas  C.  Perkins,  Architect.  Edwakd  Hett,  Owner 


MELAN  CONCRETE  STEEL  ARCH  BRIDGE, 
Kansas  Ave.,  Topeka,  Kansas. 

The  only  bridge  that  stood  at  the  great  flood. 


Forest  Park,  St.  Louis,  Mo. 


From  Cement."  New  York 


Estimated  Cost  and  Profit 


THE  price  of  Portland  Cement  varies  according  to 
the  demand  and  supply.  While  the  strikes  of 
the  summer  of  1 903  diminished,  to  a certain  ex- 
tent, the  demand  for  Portland  Cement,  yet  the  price 
quoted  in  August  was  .$2.00  to  $2.10  per  barrel.  We 
shall  place  the  price  near  as  possible  to  a conservative 
and  average  one. 

ESTIMATED  COST  OF  PRODUCTION. 

Cost  to  quarry  stone  and  deliver  at  mill, 

per  bbl $0.07 

Cost  of  labor  at  mill,  including  Superin- 
tendent and  two  assistants,  Engineers,etc.  . 104 

CLINKER  BURNING  (IN  KILNS). 

Estimated  upon  125  lbs.  of  coal  at  $3.50  per 
ton,  to  one  bbl.  of  cement,  cost  per  bbl.  . .22 

POWER. 

Boilers  evaporating  ] 1 lbs.  water  to  one 
lb.  of  combustion  in  using  “Run  of  Mine” 


coal  at  $3.85 .086 

Incidentals  and  repairs .05 

Total  cost  of  producing  one  bbl $0.53 


NOTE.— The  above  estimate  does  not  include  office  expenses. 
SIGNED, 

GEO.  D.  CLAFLIN,  C.  E.,  M.  E. 


Present  selling  price  at  works $1.85  per  bbl. 

Cost  per  bbl.,  including  offices  and  sell- 
ing expense  65 


Net  profit  per  bbl $1.20 

Profit  per  day  on  1,000  bbls $1,200.00 

Profit  per  year  of  300  days 360,000.00 


All  of  the  property  of  the  company  is  free  and  clear 
of  any  incumbrance  whatsoever,  and  title  is  guaran- 
teed. 

The  Vulcanite,  Alpha,  Atlas  and  Coplay  have  made 
and  are  to-day  making  millions  for  their  owners.  Be- 
ing in  the  same  belt,  and  rock  being  equally  as  good,  we 
see  no  reason  why  we  should  not  duplicate  their  suc- 
cess. As  shown  by  the  report  of  Mr.  Claflin,  there  is 
enough  cement  rocK  now  in  sight  to  run 
a plant  of  this  capacity  for  ninety  years. 
Mr.  Claflin’s  estimate  is  based  on  a 
depth  of  sixty  feet.  We  have  evidence 
that  the  rocK  runs  to  a depth  of  150  feet. 


REPORT  OF  GEO.  D.  CLAFLIN,  C.E.,  M.E. 


The  F.  N.  Claflin  Engineering  Co.,  Consulting  Engi- 
neers; Special  Machinery  for  Paper 
and  Cement  Mills. 

Cleveland,  O.,  Sept.  It,  1903. 

H.  C.  Bennett  & Co., 

18  Wall  St.,  New  York,  N.  Y. 

Gentlemen:  After  carefully  looking  over  your  ce- 
ment rock  deposit  at  Pattenburg,  N.  J.,  I estimate  that 
each  acre  of  rock  will  furnish  950,000  barrels  of  Port- 
land Cement. 

Upon  the  same  basis  your  tract  of  thirty  acres  will 
supply  a cement  works  of  1,200  barrels’  capacity  per 
day  for  a period  of  ninety  years.  Yours  truly. 

Geo.  D.  Claflin. 

There  is  no  industrial  business  in  the  United  States 
to-day  paying  such  large  profits  and  so  sure  of  retain- 
ing them  as  the  manufacture  of  Portland  Cement. 

Should  the  value  of  this  property  be 
computed  by  the  ton,  as  are  gold,  silver, 
copper  and  lead  mines,  the  figures 
would  run  into  millions. 


The  Investment 


IN  seeking  an  investment  several  points  should  be 
considered : 

First. — Is  the  investment  sound  and  safe? 
Second. — Who  are  the  people  behind  it,  and  is  it 
based  and  conducted  on  business  principles? 

Third. — Is  the  investment  lasting  and  permanent, 
and  is  the  rate  of  dividends  satisfactory? 

If  you  will  take  into  consideration  that  the  company 
issue  no  bonds;  that  the  property  is  free  and  clear  of 
all  incumbrances;  that  the  preferred  stock  takes  pref- 
erence in  the  matter  of  dividends,  and  that  the  com- 
pany has  only  to  earn  about  .$60,000  annually  to  pay 
8%  on  its  outstanding  preferred  stock,  instead  of  its 
full  capacity  or  earning  power  of  $360,000,  we  believe 
you  will  have  no  fear  regarding  the  soundness  and 
safety  of  the  investment. 

Its  management  is  controlled  by  conservative  busi- 
ness men,  aided  by  the  most  expert  and  experienced 
engineers  and  superintendents  known  in  the  manufac- 
ture of  Portland  Cement. 

This  company  offers  an  exceptional  opportunity  to 
investors. 

The  industrial  enterprises  of  this  country  have  made 


the  millionaires — the  Rockefellers,  the  Flaglers,  the 
Havemeyers,  the  Arbuckles,  Carnegie,  Frick,  Schwab 
and  thousands  of  others  It  is  not  a trust;  there  is  no 
watered  stock;  it  is  not  over-capitalized,  nor  can  the 
stock  be  manipulated  by  Wall  Street  or  any  clique. 

It  is  not  a promoter  company— every 
dollar  goes  to  enhance  the  value  of  the 
property,  and  its  business  and  increase 
its  capacity  when  required.  For  this  purpose 
— after  dividends  are  paid — a surplus  fund  is  created 
for  the  security  of  the  preferred  stockholders,  and  to  in- 
crease the  capacity  of  the  plant.  It  is  your  oppor= 
tunity  for  a safe,  paying  investment. 

Remember,  this  is  a cumulative  preferred  stock,  and 
your  dividends  begin  the  day  your  stock  is  paid  for. 

In  one  year  from  the  starting  of  our 
mill  the  preferred  stock  of  this  company 
will,  we  believe,  be  selling  above  $150  per 
share,  because  of  its  being  a perfectly 
safe  investment  and  paying  the  investor 
a handsome  dividend,  there  being  no 
bonds  ahead  of  the  preferred  stock. 

GOOD  AS  BONDS. 

As  the  company  issues  no  bonds,  and  the  stock  of- 
fered is  an  EIGHT  PER  CENT.  CUMULATIVE 
stock,  it  is  safe  to  say  that  the  8%  stock  is  as  good  as 
a bond,  and  pays  about  twice  as  much. 

DIVIDENDS— HOW  EARNED— HOW  PAID. 

We  have  shown  that,  under  present  conditions,  the 
profits  will  amount  to  $360,000  per  annum.  As  the 
company  purpose  to  issue  and  sell,  at  present,  only 
$600,000  of  the  preferred  stock,  the  result  would  be  as 
follows : 

Net  earning  capacity,  figuring  300  days  in  the 


year $360,000 

Dividends  on  $600,000  preferred  stock 48, 000 


Balance  for  dividend  on  common  stock 

and  surplus  $312,000 


After  paying  dividend  on  common  stock,  a surplus 
will  be  created  for  the  further  increase  of  the  plant, 
which,  in  the  course  of  time,  can  be  safely  doubled. 


Officers  and  Directors 


THE  men  comprising  the  Board  of  Directors  are 
well  known.  Their  honesty  and  integrity  has 
never  been  questioned  and  never  will  be.  The 
public  can  invest  in  the  stock  of  this  company  with  the 
unqualified  assurance  that  its  affairs  will  be  conducted 
in  a straightforward,  business-like  manner,  that  their 
interests  and  investment  will  be  safeguarded  by  a con- 
servative and  business-like  management. 

NO  SALARIES. 

Every  dollar  realized  from  the  sale  of 
this  treasury  stocK  will  go  into  the  plant. 
No  salaries  are  paid  to  any  officer  con- 
nected with  this  company,  and  none  will 
be  until  the  plant  is  in  active  operation, 
and  the  earnings  justify  such  salaries. 

STOCKHOLDERS  NOT  LIABLE. 

The  stock  of  this  company  is  fully  paid  and  non-as- 
sessable.  No  stockholder  assumes  the  slightest  respon- 
sibility for  the  obligations  of  the  company. 

MONEY  SOLELY  FOR  PLANT. 

Not  a penny  of  the  money  paid  for  this  stock  goes 
into  the  private  purse  of  anyone.  The  subscribers  to 
this  stock  put  their  money  into  the  treasury  of  a manu- 
facturing enterprise,  in  which  they  are  part  owners,  to 
be  expended  directly  on  the  plant  and  for  working  capi- 
tal. 


STOCK  FOR  SALE. 

We  are  offering  6.000  shares  of  the  preferred  stock 
of  the  Ajax  Portland  Cement  Company;  the  pai 
value  of  which  is  $100  per  share.  Payments  for  sub- 
scriptions can  be  made  as  follows: 

Twenty  per  cent,  in  cash  at  the  time  of  subscrip- 
tion, 20%  in  two  months,  20%  in  four  months,  20% 
in  six  months,  and  20%  in  eight  months. 

Address 

H.  C.  BENNETT  & CO., 

Bankers,  18  Wall  St.,  New  York. 


